Mosaic Co was incorporated on October 22, 2004. The Company produces and markets concentrated phosphate and potash crop nutrients. It conducts its business through wholly and majority owned subsidiaries as well as businesses in which it owns less than a majority or a non-controlling interest, including consolidated variable interest entities and investments accounted for by the equity method. It is organized into the two business segments: Phosphates and Potash. The Phosphates business segment owns and operates mines and production facilities in Florida which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana which produce concentrated phosphate crop nutrients. The Potash business segment owns and operates potash mines and production facilities in Canada and the U.S. which produce potash-based crop nutrients, animal feed ingredients and industrial products. Its potash products are marketed to crop nutrient manufacturers, distributors and retailers and are also used in the manufacture of mixed crop nutrients and, to a lesser extent, in animal feed ingredients. It also sells potash to customers for industrial use. The Company sells to wholesale distributors, retail chains, cooperatives, independent retailers and national accounts. It competes with a broad range of domestic and international producers, including farmer cooperatives, subsidiaries of larger companies, and independent crop nutrient companies. The Company is are subject to an evolving complex of international, federal, state, provincial and local environmental, health, safety and security laws that govern the production, distribution and use of crop nutrients and animal feed ingredients.